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Vietnam Daily Market Recap Dec 08

Daily Market Recap 08/12/2021    91

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Market Commentary: The VN-INDEX edged up 0.4% to close at 1,452.9pts

The VN-INDEX increased 6.1pts on the strong supported by Utilities. After the opening bell, the index jumped into the green territory and managed to stay there throughout today’s session. The positive sentiment in the morning session kept index going up and reaching its intraday high at 1,460.3pts in the early afternoon session. However, the selling pressure followed up and balanced the positive sentiment, kept the index fluctuating near to the reference level. Notably, TPB from the Financial sector became the largest supporter, jumping 6.9% to VND51,100 and alone contributing 1.0pts to the index’s gain. Furthermore, some market pillars joined the rally and further strengthened the upward momentum, including GAS (+1.8%), NVL (+1.2%), VCB (+0.5%), and HVN (+3.4%). On the downside, selling pressure forced some stocks to fall, including VIC (-0.7%), VHM (-0.7%), HPG (-0.8%), GEX (-3.5%), and VNM (-0.6%). However, their impact was lower compared to the overall gain. At the end of the session, the VN-INDEX jumped 0.4% to settle at 1,452.9pts, and the HNX-INDEX also rose 0.8% to land at 449.7pts.

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